Price Trend: Market Conditions at Home and Abroad Are at Odds due to the New Tax System and Exchange Rate Changes

published: 2019-03-28 17:07 | editor: | category: Price Trend

This week’s overall market price volatility was not entirely reflected in the continued slowdown in demand. There were influences of external environmental factors, including the exchange rate and the new tax system. The real market prices have yet to be known after the actual response next week. Upstream polysilicon and si-wafer prices showed diverging trends at home and abroad: in the domestic market, the decline could be attributed to the impact of the tax system, while the increase in the overseas market can be attributed to changes in the exchange rate. Downstream PV cell and modules reflected the current market’s supply and demand situation. In terms of the subsequent overall market trend, before the arrival of new demand, manufacturers with advantages will remain static. Yet, there will be ineffective capacity which can’t keep up with the changes in market demand. As demand begins to warm up, it also means that these manufacturers will have to make a choice.

Polysilicon

This week, the polysilicon market was still different at home and abroad. Overseas high-purity mono-si material price still maintained a certain gap with domestic price. In addition to exchange rate changes, manufacturers thought that their own materials valued for money and the price after tax rate conversion was comparable to domestic mono-si material price. Domestic prices dropped, regardless of mono-si or multi-si material. So far, domestic multi-si material price has been 63-69RMB/KG, with the average price dropping to 68RMB/KG. Mono-si material price has been 75-81RMB/KG, with the average price dropping to 78RMB/KG. Overseas price has increased to 9.60-11.80USD/KG, with the average price growing to 10.01USD/KG.

Si-wafer

This week, the si-wafer market also showed an external rise and internal decline situation. Prices from the first-tier manufacturers reflected market changes. The previous exchange rate change and the price difference balance between home and abroad were also the main factors behind the consideration for adjustment. Although there was a gap between the proportion of overseas and domestic sales, adjusting price was conducive to manufacturers’ subsequent layout planning. So far, domestic mono-si price has been 3.05-3.15RMB/Pc, with the average price dropping to 3.08RMB/Pc. Multi-si price has been 2.00-2.08RMB/Pc, with the average price dropping to 2.06RMB/Pc. Black silicon product price has been lowered to 2.10RMB/Pc. Overseas mono-si wafer price has remained at 0.405-0.450USD/Pc, with the average price growing slightly to 0.420USD/Pc. Multi-si price has decreased to 0.261-0.270USD/Pc, with the average price dropping to 0.265USD/Pc. Black silicon product price has decreased to 0.300USD/Pc.

PV cell

This week, the market price of PV cell dropped. As the VAT is about to be revised next month, it is estimated that the current market price has not been able to reflect the actual demand in a timely manner. Due to module demand, overseas mono-si PV cell usage volume still remained stable. Besides, for the US market demand, PV cell stock-up in Southeast Asia and Taiwan was indirectly boosted. So far, domestic general multi-si price has declined to 0.81-0.90RMB/W, with the average price dropping to 0.84RMB/W. General mono-si price has remained at 0.95-1.03RMB/W. High-efficiency mono-si price has been 1.21-1.25RMB/W, with the average price dropping to 1.23RMB/W. Ultra-high efficiency mono-si (>21.5%) price has decreased to 1.22-1.29RMB/W, with the unchanged average price of 1.26RMB/W. Overseas general multi-si price has remained at 0.115-0.130USD/W. General mono-si price has been 0.125-0.135USD/W, with the average price dropping to 0.130USD/W. High-efficiency mono-si price has been 0.155-0.160USD/W, with the average price dropping to 0.158USD/W. Ultra-high efficiency mono-si (>21.5%) price has been 0.158-0.190USD/W, with the unchanged average price of 0.175USD/W. Double-sided PV cell price has been 1.24-1.30RMB/W.

Module

This week, the module market price has been revised with product and regional demand. The full ranges of products in the overseas market have not changed too much, only slight reduction for multi-si product. Price in the domestic market was lowered slightly. So far, domestic general multi-si (270-275W) price has been 1.73-1.80RMB/W, with the average price dropping to 1.78RMB/W. High-efficiency multi-si (280-285W) price has been 1.83-1.87RMB/W, with the average price dropping to 1.85RMB/W. General mono-si (290-295W) price has been 1.83-1.90RMB/W, with the average price dropping to 1.87RMB/W. High-efficiency mono-si (300-305W) price has been 1.95-2.03RMB/W, with the average price dropping to 2.00RMB/W. Ultra-high efficiency mono-si (>310W) price has been 2.05-2.15RMB/W, with the average price dropping to 2.10RMB/W. Overseas general multi-si price has remained at 0.210-0.275USD/W, with the average price dropping to 0.221USD/W. High-efficiency multi-si price has been 0.215-0.239USD/W, with the average price remaining at 0.230USD/W. General mono-si price has been 0.247-0.350USD/W, with the average price remaining at 0.250USD/W. High-efficiency mono-si price has been 0.277-0.350USD/W, with the average price remaining at 0.278USD/W. Ultra-high efficiency mono-si price has been 0.278-0.370USD/W, with the average price remaining at 0.280USD/W.

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